A nice clean run in the ES gave us a decent winner. See that section below. The market rallied, although the NASDAQ side was bigger than the S&P side. NASDAQ volume closed at 1.8 billion shares. We also had a short that we had called early, then canceled when the markets ran up, but then put in when it came all the way back down and set the trigger. See ES section below. You also have to laugh at the Value Area today in the NQ, which set the VAH on the opening bar, ran up 30 points, and then came back and crossed the Value Area.

Net ticks: +12.5 ticks.

As usual, let’s start by taking a look at the ES and NQ with our market directional lines, VWAP, and Comber on the 5-minute chart from today’s session:

ES:

Triggered long at A at 1956.00, hit first target for 6 ticks, raised the stop 3 times and closed at 1959.00. Triggered short at B at 1949.75, hit first target for 6 ticks, and stopped second half at 1949.50:

NQ:

Just a reminder that we use half points for ticks on the NQ and not the quarter point measurement that the exchanges switched to in recent years. This allows us to use 6 ticks as a key target as we do on the other contracts. It also keeps the value of a tick at $10, closer to the value of a tick on the other contracts.

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